Obama: President-Elect’s Job “Gonna Be A Lot Tougher” Because of Economic Crisis

The Democrat tells NBC's Brian Williams that whoever is elected will have a more challenging adjustment than past president-elects because of the state of the economy.

"I don't think there's any doubt about that. We--we know that the next President is likely to inherit a significant recession."

"We don't know yet how long and how deep it is and what actions we take-- over the next six to nine months could de-- help determine how deep and how long."

Also weighs in on how he would determine which judges to select, believes the U.S. needs the auto industry.

Read more excerpts here. More from the interview on "Nightly News" at 6:30 pm ET.